Navitas director gets 9,990 RSUs vesting 2027
Navitas Semiconductor Corp (NVTS) reported that director Richard J. Hendrix received an annual grant of 9,990 restricted stock units (RSUs) for the 2026–2027 board term under the company’s 2021 Equity Incentive Plan.
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Rhea-AI Filing Summary
Navitas Semiconductor Corp (NVTS) reported that director Richard J. Hendrix received an annual grant of 9,990 restricted stock units (RSUs) for the 2026–2027 board term under the company’s 2021 Equity Incentive Plan. The RSUs carry no cash exercise price and vest in full on June 25, 2027. Following this award, Hendrix directly holds 43,845 shares of Class A common stock, and is also reported as having indirect interests in shares held by Live Oak Sponsor Partners II, LLC and RJH Management Co., LLC, with beneficial ownership of the Live Oak-held shares disclaimed except for his pecuniary interest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1 | 9,990 | $0.00 | $0.00 |
| holding | Class A Common Stock F2 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (2)
- F1. Reflects shares underlying an annual award of restricted stock units ("RSUs") granted for the 2026-2027 board term under the issuer's non-employee director compensation program and the Navitas Semiconductor Corporation 2021 Equity Incentive Plan (the "Plan"). Each RSU represents the reporting person's right to receive one share of Class A Common Stock of the issuer following the vesting date in accordance with the Plan and subject to applicable issuer policies. The RSUs will vest in full on June 25, 2027.
- F2. The reporting person is a managing member of Live Oak Sponsor Partners II, LLC. The reporting person disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein.
Key Figures
Key Terms
restricted stock units financial
non-employee director compensation program financial
Equity Incentive Plan financial
pecuniary interest financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did NVTS director Richard J. Hendrix receive in this Form 4 filing?
When do the new RSUs for NVTS director Hendrix vest?
What indirect holdings of NVTS stock are associated with Hendrix?
Was the NVTS RSU grant to Hendrix a market purchase or sale?
AI-generated analysis. How Rhea-AI works. Not financial advice.